August 11th, 2011 Daily Review on Polyester Prices

PTA: The PTA price continues to increase in the overseas market today. The suppliers quoted Taiwan cargo for 1,205 dollars/ton and the downstream bidding price is around 1,235-1,245 dollars/ton. The practical discussions are around 1,240-1,245 dollars/ton. The offering of Korean cargo is around1,230dollars/ton. The downstream bidding price is around 1,215 dollars/ton and the practical discussion is around 1,225 dollars/ton.

MEG: In Jiangsu market, quoted price for MEG is 9,650-9,700yuan/ton, the bidding price is around 9,600yuan/ton, negotiation price is around 9,600-9,650 yuan/ton.

Polyester: Today, polyester price tendency goes weak in Zhejiang and Jiangsu market. In Shengze market, mainstream quoted price keeps still, FDY50D/24F price is 17,600 yuan/ton. In Xiaoshan market, POY manufactures quoted price mainly drop 100 yuan/ton, POY150D/24F price is 14,910 yuan/ton, POY75D/36F price is 14,460 yuan/ton.

PET Bottle Chips: The polyester bottle chips play weak in overseas market today. The leading domestic manufacturers adjusted the price around 1,700 dollars/ton (FOB China Ports). The downstream bidding price is around 1,650-1,660 dollars/ton. The practical discussions are around 1670-1690 dollars/ton (FOB China Ports). The trading atmosphere is dull and the real discussions are rare.